Global Graphics completes Hybrid acquisition
Published: 13 January 2021 | No comments yet
Guido Van der Schueren sees ‘tremendous opportunities’ for Global Graphics’ hardware and software
Global Graphics has successfully completed its acquisition of packaging software specialist Hybrid Software Group, following the passing of a shareholder resolution at a general meeting held on 8 January.
The acquisition roughly doubles the size of Global Graphics Group in terms of headcount, expanding the global workforce to around 250 people. It also adds several more operating locations to the group through Hybrid Software’s offices in Luxembourg, Belgium, Germany, Italy, France and the US. The expanded group’s R&D team now totals more than 75 engineers.
Guido Van der Schueren, Global Graphics chairman, said, ‘This acquisition is a great fit strategically. It’s good news for our customers, our employees and our shareholders. We will continue to grow the value of the company by supporting all our stakeholders and reaffirm our intention to remain a listed company.
‘As the packaging industry continues its migration to digital printing, there are tremendous opportunities for Global Graphics’ hardware and software solutions, so bringing Hybrid Software into the group will help us grow our share in labels and packaging.’
Global Graphics CEO Mike Rottenborn added, ‘This acquisition makes Global Graphics stronger than the sum of its parts. Market requirements are changing and it’s important for the future growth of the company that we are positioned to respond. Customers are asking for more functionality and we are well placed to offer a broader solution starting with a powerful new digital front end for the labels and packaging segment. Expect to see new product development for the industrial inkjet market too, which, as it evolves and matures, requires a new generation of software and hardware capabilities. We’ll be able to take Hybrid Software’s expertise in file preparation and enterprise production workflow gained in the labels and packaging segments and expand this out across all the industry segments we serve.’